The Best Alternatives to PayPal for Small Businesses in 2022
PayPal was founded in 1998 and quickly became one of the most popular ways to send and receive money online. For many people, it’s the only way they’ll ever send money online, and the service has an estimated 179 million users worldwide as of 2017. As PayPal continues to grow, though, its flaws are becoming more apparent. Below are 14 alternatives to PayPal for small businesses in 2022 that you should consider if you want to give your business greater financial freedom today.
– Real-time, guaranteed transaction processing -Credit card processing fees as low as 1.5% -Integration with popular e-commerce platforms like Shopify, WooCommerce, and Big Commerce -Accepting payments through mobile devices or desktop computers -Multiple channels such as email receipts and online invoices -Customizable reporting dashboard
As the leader in online payments, PayPal has dominated the world’s economy. However, as they continue to grow, they are becoming less available for small business owners. Square is a mobile payment app that helps sellers process credit cards and use email marketing tools to promote their brands. This is an example of one of the best alternatives that small businesses can use instead of a traditional payment processing system like PayPal.
You can link your existing credit card or bank account, or add a new one. If you choose not to have a credit card linked, Google Pay lets you store your debit card information so it’s available when needed (you’ll be charged 1% of the transaction amount).
-Stripe is best known as a payment gateway with an easy setup, reliable service, and competitive pricing.
-It has one of the lowest rates on the market and is often endorsed by content creators because it provides a good all-around experience.
-Stripe charges 2.9% + 30¢ per transaction, making it one of the most affordable options on the market.
If you are looking for a payment solution that is both easy to set up and inexpensive, Shopify Payments might be the best alternative to PayPal out there. With only a one-time $79 fee, Shopify Payments lets you take your business from cash-only payments to being able to accept all major credit cards.
Intuit Payment Solutions
In many ways, Intuit is a clear competitor of PayPal. The two companies have been duking it out since the early 2000s. Unlike other competitors, which offer either a payment solution or accounting software (or both), Intuit offers both these services as well as accounting and payroll solutions. Although Intuit’s solutions are not universally popular with small business owners, they’re still worth taking a look at if you’re considering an alternative to PayPal.
Online payments service wepay offers a low-cost alternative to PayPal. With wePay, you can set your own pricing, process transactions offline, and offer to invoice. In addition, WePay integrates with major e-commerce platforms like Shopify and BigCommerce. It also integrates with Facebook Messenger, Slack, and email marketing services like MailChimp.
What makes GoCardless stand out is that they offer a payment solution that integrates with every aspect of your business. You can also process VAT-compliant payments, send invoices, and much more. Plus, they’re not limited to just the United States – they have clients around the world
It’s important for any small business owner to have a reliable payment processor that fits their needs. Adyen offers a variety of payment processing options and features, including real-time fraud detection, location-based inventory tools, and more. If you’re looking for an alternative to PayPal that provides the same level of security, reliability, and flexibility, then Adyen is worth your consideration.
Realex is a global leader in fraud prevention and secure online payments. Realex provides merchants with a range of credit card processing solutions, from secure payment gateways that enable e-commerce, to offline payment and collection services. Realex’s focus on customer service, product innovation, and superior processing rates has helped make it the preferred choice for merchants worldwide.
PayPal is an all-in-one solution for sending, requesting, and receiving payments. This service has been a leader in the P2P space since 2001, but with stiff competition from Square, Apple Pay, Google Wallet, Stripe, and other players on the market it’s important to consider alternatives. Here are some of the best alternatives that we recommend small businesses should consider